Time for silver to outshine gold?
The precious metal has lagged gold significantly in recent months
The precious metal has lagged gold significantly in recent months
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Decarbonisation and geopolitics are changing patterns in commodity markets
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Fund managers and buyers are split on the white metal for now but see longer term prospects as a renewable play
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Silver now accounts for 40% of the portfolio due to growing industrial demand for the metal
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TB Amati Strategic Metals fund manager is waiting to buy back into copper names
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The stand-off between US president Donald Trump and North Korea has led to a spike in gold and silver prices, with financial markets adopting a safety first attitude in the immediate aftermath of escalating tensions.
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Western investor sentiment and demand for gold and silver retreated in September, falling off three-year highs with US new accounts falling by almost one-third.
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Old Mutual Global Investors said it intends to launch the Old Mutual Gold and Silver Fund next month.
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The strong rise in precious metals prices seen last month has sparked a bout of profit taking, with gold and silver investors selling and buyer numbers falling, according to BullionVault.
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Oil futures hit nine month highs on Friday, with gold and silver following its lead, while pgms continued their fall.
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According to ETF Securities, increasingly positive views on the outlook for the global economy has seen more industrially-sensitive commodities increase inflows.
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Silver ETPs see strong inflows with price indicators suggesting the precious metal will exploit leverage as gold price rises
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